Borrower requested a $150,000 loan to complete a new construction project in Port Charlotte, FL. The property will feature 3 beds and 2 baths at 1,593 sq/ft with a two-car garage of 430 sq ft. The borrower plans to sell the property upon completion as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
